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Degen ToonzDegen Toonzby0x034bE3074FF759d0167ddf404Db149d954dCdCEedegentoonz.eth

Purchase of Toonz for future implementation of Reward system

Voting ended over 3 years agoSucceeded

Voting Proposal: --Allocate max of 15 ETH, or --Do not allocate

Utilization : --Budget to fund purchase of Toonz to be used as future claimable assets with the Toonz Reward system. --This allocated budget will also take into account the cost of Flagged Toonz per communities request. --** Flagged toonz may be purchased at cost by the original owner. There will be a set time frame of 7 Days for this to take place. If the Toonz are not purchased by the original owner within the set time frame we will work with them to un-flag the toon so it may be used in our future reward system/giveaways. --** In the event of a Toon not becoming un-flagged, We reserve the right to hold that asset in our treasury wallet indefinitely. 

Timeline: Allocated budget will be kept in the wallet controlled by the Toonz Core Team. This budget will be utilized over time as the team deems appropriate. Our estimated timeframe is 2-7 days but may be extended based on market shifts.

Goal: --Allow an allocation of Toonz to become redeemable through the future implementation of our Toonz Reward System. --This allocation will also allow us to purchase flagged assets that may be affecting the project growth.

Cost: Total of 15 ETH -- 5~ ETH allocated for flagged asset purchases which will be held in a Multi-Sig wallet. --10~ ETH allocated for Degen Toonz asset purchases which will be held in a Multi-Sig Wallet pending Reward system launch.

Accountability: Funds will be under the custodian of the Degen Toonz Core team. 


Off-Chain Vote

Approve
659 TOONZ98.2%
Deny
12 TOONZ1.8%
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Timeline

Aug 03, 2022Proposal created
Aug 03, 2022Proposal vote started
Aug 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated